Master Key Skills in Business Analytics with Globsyn PG Courses
In today's data-driven world, businesses across industries are realizing the importance of leveraging data to gain valuable insights and make informed decisions. This has led to a surge in demand for professionals with expertise in Business Analytics. Business Analytics is the practice of using data analysis and statistical techniques to drive business growth, optimize processes, and enhance decision-making. To excel in this field, individuals need to acquire a set of key skills that are essential for success.
Let us now explore the master key skills in Business Analytics that can help management students thrive in this dynamic field.
Key Skills in Business Analytics
Before diving into the key skills, it's important to understand the foundational concepts of Business Analytics. Proficiency in statistics, mathematics, and data analysis is crucial for anyone aspiring to become a business analyst. A solid understanding of statistical methods, hypothesis testing, regression analysis, and data visualization techniques forms the backbone of effective Business Analytics.
Data Analysis and Interpretation
One of the fundamental skills in Business Analytics is the ability to analyze and interpret data. This involves understanding different data sources, cleaning and preparing data for analysis, applying appropriate statistical techniques, and deriving meaningful insights. Proficiency in tools like Python, R, or SQL is often required for effective data analysis.
Q: How is the college life at Globsyn Business School?
Globsyn Business School is a renowned institution in India for postgraduate management education, offering AICTE approved PGDM and PGDM – Business Analytics, as well as MBA (Global) in collaboration with the Malaysia University of Science and Technology. GBS is renowned for its cutting-edge facilities, which offer an engaging experience for its students that goes beyond the boundaries of traditional classroom education. The campus is fully equipped with cutting-edge facilities, including the Globsyn Student Home. Among the other facilities offered are: a well-stocked library, hybrid classrooms, medical room, study lounge, outdoor and indoor sports facilities, etc. The open-air cafeteria and canteen are also available inside the campus. The GBS campus provides its students with an environment, which will facilitate both intellectual discourse and corporate life experience.
Q: What is unique about Globsyn Business School?
To start with, Globsyn Business School (GBS) always focuses on the growth of individuals by offering them exposure to the global corporate world and making them aware of recent scenarios in the industry. It is this unique industry-academia connection of the institution that has helped it to become one of the top 5 B-Schools in Eastern India. Over the years through the amalgamation of technology with education, excellence in academic delivery, experiential learning methodologies, learning beyond education, and optimum placements since inception, the B-School has transformed bright, young minds into industry-relevant managers, and helped them realize their corporate dreams. Also, GBS has a strong alumni network that provides real-time industry exposure and essential support to its students.
Q: Is it worth doing an MBA from Globsyn Business School, Kolkatta?
Globsyn Business School offers cutting-edge education that combines theory and practice, and an 8-10-week summer internship program. Graduates are prepared for top industry positions, including placements at top companies. That said, the highest package during the 2024 placement session was INR 18.33 LPA, with an average of INR 7.39 LPA. Over 100 recruiters offered more than 1,000 jobs. The top recruiters of Globsyn Business School in 2024 included Deloitte, PwC, HDFC Bank, and others. The key highlights of the Globsyn Business School placement report 2024 are tabulated below:
Particular | Placement Statistics (2024) |
|---|---|
Total recruiters | 100+ |
Total offers made | 1000+ |
Highest package | INR 18.33 LPA |
Second highest package | INR 12.00 LPA |
Third highest package | INR 10.50 LPA |
Average Package | INR 7.39 LPA |
Statistical Modeling and Predictive Analytics
Business analysts should possess expertise in statistical modeling and predictive analytics to identify patterns, trends, and relationships in data. They should be able to build and evaluate models that can forecast future outcomes and help businesses make informed decisions. Familiarity with machine learning algorithms and techniques is highly advantageous in this regard.
Data Visualization
Presenting data in a visually appealing and understandable manner is a crucial skill for business analysts. They should be proficient in using data visualization tools like Tableau, Power BI, or Excel to create charts, graphs, and dashboards that effectively communicate insights to stakeholders. Strong visualization skills enable professionals to convey complex information in a clear and concise manner.
Problem-Solving and Critical Thinking
Business analysts need to possess strong problem-solving and critical thinking skills to tackle complex business challenges. They should be able to identify key problems, formulate relevant hypotheses, and develop data-driven solutions. The ability to think analytically and approach problems from different angles is invaluable in Business Analytics.
Q: What are the important events that happen at Globsyn Business School?
Globsyn Business School organizes various important events such as the International Vision Seminar, Serendipity, EMBRYON - the entrepreneurship cell of GBS, Globsyn Management Conference, Kalyani Ananda Utsav, Titanium, several significant ‘Care for Society’ activities as a part of Kalyani Youth Leadership Forum, amongst others.
Communication and Collaboration
Effective communication is vital for business analysts as they often interact with stakeholders from various departments. They should be able to translate technical insights into actionable recommendations that non-technical individuals can understand. Additionally, collaboration skills are essential for working in interdisciplinary teams and building strong relationships with colleagues and clients.
Domain Knowledge
While technical skills are important, having a deep understanding of the industry or domain in which the business operates is equally crucial. Business analysts should be well-versed in the specific terminology, challenges, and trends of the industry they are working in. This domain knowledge enables them to ask relevant questions, identify key metrics, and provide context to the data analysis.
PG Courses in Business Analytics
To develop and enhance these skills, pursuing a postgraduate management course in Business Analytics can be immensely beneficial. Several reputable educational institutions offer specialized programs in Business Analytics that provide a comprehensive curriculum to equip students with the necessary skills and knowledge. These programs typically cover topics such as data mining, predictive modeling, machine learning, data visualization, and business intelligence
Globsyn Business School's PGDM - Business Analytics
India has emerged as a hub for Business Analytics education, offering a wide range of postgraduate courses tailored to meet the industry's demands. These programs provide a comprehensive curriculum that combines theoretical knowledge with practical applications, equipping students with the necessary skills to excel in the field.
One of the most sought after Business Analytics PG courses in India, Globsyn Business School’s AICTE approved Post Graduate Diploma in Management – Business Analytics (PGDM – Business Analytics) curriculum provides in-depth knowledge of analytical concepts, techniques, and their applications in improving business decisions. The objective of the programme is to facilitate in-depth exposure to the students regarding methodologies and practices of Business Analytics and to prepare them for the emerging needs of industry in the various functional domains.
Some of the program educational objectives of this course are:
- To provide graduates with a comprehensive knowledge of business analytics and its application in the diverse contexts of business
- To produce management graduates who can solve business problems in real-world situations by applying analytical skills to make effective decisions
- To produce responsible managers who have high regard for personal and organizational integrity in pursuit of sustainable development
- To enable graduates to demonstrate critical thinking, creativity, and innovation to emerge as business leaders and entrepreneurs in the analytical domain
- To equip students with effective communication skills, team spirit, and social values to meet the diversified needs of the industry
Overall, a PGDM in Business Analytics course can provide you with a comprehensive set of skills that are highly valued amongst management aspirants and professionals looking to thrive in this rapidly evolving field. Skills such as Data Analysis, Statistical Modeling, Data Visualization, Problem-solving, Communication, and Domain Knowledge play a crucial role in driving data-driven decision-making and business success. By acquiring these skills through specialized postgraduate courses or self-study, individuals can position themselves for exciting and rewarding careers in Business Analytics.
Note: The views expressed in this article are of Globysn Business School and do not reflect/represent those of Shiksha
Sumridhi holds a Bachelor's degree in English from Delhi University. With over three years of experience in content creation, she is a collaborative and innovative thinker who loves interacting with people to leave ... Read Full Bio
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Anything you would want to ask experts?Answered a week ago
Based on feedback from students, Globsyn Business School offers a wonderful campus with well-equipped facilities, including classrooms, a library, and recreational areas. The faculty are knowledgeable and industry-connected, ensuring a curriculum that is well-structured, regularly updated, and focus
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Answered a week ago
Yes, Globsyn Business School offers scholarships for students enrolled in its Postgraduate Management Programmes. These scholarships are divided into two categories:
Bikram Dasgupta Foundation Scholarship – This scholarship supports students from economically disadvantaged backgrounds.
Outstanding Ach
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Answered a week ago
As evident on the Globsyn Business School (GBS) website, for over two decades, GBS has carved out a unique niche as India's first 'Corporate B-School'. Offering a range of AICTE-approved programmes, including the two-year full-time Postgraduate Diploma in Management (PGDM) and the Postgraduate Diplo
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Answered 2 weeks ago
The number of seats available for students vary each year. For the latest updates on the upcoming academic session, it's best to visit Globsyn's official website, where you'll find all the relevant information.
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Answered 14 hours ago
The MBA entrance exams for Globsyn Business School are CAT, MAT, CMAT, XAT, or ATMA. Candidates must meet the qualifying score of at least 50% (percentile) in any one of the entrance exams.
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Answered Yesterday
To apply for the MBA (Global), as well as the two PGDM programs offered at Globsyn Business School, candidates must complete the application form available at the Admissions Page of Globsyn Business School's official website.
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Answered Yesterday
As per Placement 2024 of Globsyn Business School, the average CTC offered by companies is Rs. 7.39 LPA.
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Answered a week ago
Following are the programmes offered by Globsyn Business School:
AICTE-Approved PGDM
AICTE-Approved PGDM – Business Analytics
MBA (Global) in collaboration with Malaysia University of Science and Technology (MUST)
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How is the college life at Globsyn Business School?